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Friday, February 6, 2009

Licence for property dealers in Faridabad

Any person, company or a society dealing in properties in Haryana will now have to get a licence according to the Haryana Regulation of Property Dealers and Consultants Rules, 2009 notified by the state government.

As per the rules, the licence holder shall get only one per cent commission on the agreed consideration value paid by the seller and purchaser of the property.

Both the seller and purchaser will pay 1/2 per cent on finalisation of the deal as per their agreement entered in the register of the dealer under the valid receipt.

In case of deal of lease/rent of immovable property, rate of commission shall be paid by the lesser and lessee at the rate of one month rent of property to the licence holder.

Any property dealer or a company/society/firm can apply for licence under the Act.
In case of individual, a person who has attained the age of 21 years and is not bankrupt can apply for a licence.

Labels:

posted by Amit at 3:58 PM

2 Comments:

Blogger Unknown said...

What are the perks of getting a license under this Act otherwise it will be one of those laws, which we don`t care about.

May 20, 2012 at 6:53 AM  
Blogger Unknown said...

This is one of those laws for the consumers or people, who want to purchase a new property in faridabad. This law prevents you from the frauds committed by the locals, selling one property to two parties, you can check the record of the property dealer or consultant by way of the certificate. Its you who can make it important by asking for it. Its the people who make a law important and unimportant by not following the laws or asking for it.

October 2, 2012 at 7:50 PM  

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